deferred profit-sharing plan – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 29 Apr 2024 21:34:34 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Equitable Bank recognized for comprehensive financial wellness program https://www.benefitscanada.com/benefits/health-wellness/equitable-bank-recognized-for-comprehensive-financial-wellness-program/ Fri, 28 Oct 2022 13:00:15 +0000 https://www.benefitscanada.com/?p=129116 Equitable Bank’s comprehensive financial literacy seminars led to a win in the Financial wellness category at Benefits Canada’s 2022 Workplace Benefits Awards on Oct. 18. During the coronavirus pandemic, the bank had to pivot quickly to continue providing quality financial wellness education to employees, says Jasmine Kong, the organization’s human resources generalist. Equitable Bank partnered with some of […]

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]]> Dillon Consulting helping employees pay down student debt https://www.benefitscanada.com/news/bencan/dillon-consulting-helping-employees-pay-down-student-debt/ Wed, 18 May 2022 13:00:18 +0000 https://www.benefitscanada.com/?p=121518 Dillon Consulting Ltd. is supporting employees’ financial well-being through a student debt repayment program. The program allows employees to repay student debt by using employer contributions to the company’s deferred profit-sharing plan that match employee contributions to the group registered retirement savings plan, says Tanya Cross, a partner at Dillon Consulting. Read: Indigo to pilot Great-West […]

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]]> How LifeLabs redesigned its RRSP-DPSP to maximize employee engagement https://www.benefitscanada.com/archives_/benefits-canada-archive/how-lifelabs-redesigned-its-rrsp-dpsp-to-maximize-employee-engagement/ Fri, 18 Mar 2022 12:58:53 +0000 https://www.benefitscanada.com/?p=118008 In 2020, LifeLabs Inc. embarked on a year-long journey to redesign its group registered retirement savings plan and deferred profit-sharing plan to make them less cumbersome, easier to administer and to boost engagement among employees. Under the original plans, which were in place for more than 10 years and linked to employees’ years of service, […]

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